Texas / South Central News

Regulators Approve Texas Electricity Market Reform

The Public Utility Commission voted Thursday to make a substantial change to the state’s electricity market in a controversial effort to get the whole system to be more reliable. The agency said it will let the Legislature review its plan …

People Moves: Kinion to Lead Oklahoma Captive Division

Kinion to Lead Oklahoma Captive Division Oklahoma Insurance Commissioner Glen Mulready announced the appointment of Steve Kinion as the Oklahoma Insurance Department’s new Captive Director. Kinion previously served 13 years as the captive director for the Delaware Insurance Department. Kinion …

TWIA to Pursue $2.9B in Reinsurance for 2023 Storm Season

The Texas Windstorm Insurance Associated (TWIA) board of directors voted Thursday to authorize broker Gallagher Re to pursue $2.92 billion in reinsurance for the 2023 storm season. The TWIA board also voted to establish $4.5 billion as the 1:100 probable …

TWIA to Determine Probable Maximum Loss for 2023 Storm Funding

The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML) for the 2023 storm season. TWIA is statutorily required to purchase enough reinsurance to meet the 1:100 year PML. Last …

Relation Acquires Texas’ Laird

Relation Insurance Services, Inc. has acquired the assets of Kilgore, Texas-based Laird Insurance Agency. The transaction went into effect on January 3, 2023; terms of the transaction were not disclosed. Laird offers a full range of insurance products including property …

Texas Plane Crash Kills 4 Members of Tennessee Church

YOAKUM, Texas (AP) – A small plane crashed Tuesday while approaching a Texas airport, killing four members of a Tennessee church and leaving the lead pastor injured, authorities and the church said. The single-engine Piper PA-46 crashed in an open …

Louisiana Lawmakers Considering Special Session to Address Insurance Crisis

BATON ROUGE, La. (AP) – As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the crisis is imminent. Discussions …

Mayton Named to Arkansas Workers’ Comp Commission

Arkansas Governor Sarah Huckabee Sanders announced that she will appoint Michael Mayton to the Arkansas Workers’ Compensation Commission (AWCC). Mayton works as a lawyer in private practice specializing in the defense of employers and insurance carries. He has practiced law …

Lawsuit Filed Over Arkansas Inmate’s Malnutrition Death

LITTLE ROCK, Ark. (AP) – The family of a man who died from dehydration and malnutrition while being held in a west Arkansas jail filed a federal lawsuit Friday claiming jail staff ignored his medical and mental health needs. Larry …

People Moves: TXOGA Names Carlton as President; Long Joins Alliant in Texas

TXOGA Announces New President of the TXOGA Insurance Agency The Texas Oil & Gas Association (TXOGA) has named Neal Carlton as president of the TXOGA Insurance Agency, headquartered in Austin, Texas. Carlton most recently served as vice president of membership …

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